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Kazeer [188]
3 years ago
15

On August 1 of the current year, Jamie Simmons received $5,400 for legal services to be performed evenly throughout the next six

months. An adjusted trial balance prepared on December 31 of the current year will show a credit balance in Unearned Revenue in the amount of: __________.
Business
1 answer:
Zepler [3.9K]3 years ago
6 0

Answer:

$900 is the correct answer

Explanation:

The reason is that according to the accrual basis the earnings must be realized when they are earned. In the question it is clearly stated that the earnings per month are $900 ($5400/6months). As services for the five months are delivered and the remainder left is of only one month. So the earnings that will be realized in the accounting books will be:

Dr    Unearned Revenue $4500

Cr               Revenue Earned    $4500

Furthermore, the amount left in the unearned revenue account will be $900 ($5400-$4500).

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(a) Explain the quantity theory and<br> (b) how does the theory explains the cause of inflation​
Digiron [165]

Answer:

The quantity theory of money defends that the money supply has a determining influence on the price level, that is, that the quantity of circulating money will necessarily be imputed to the value of the quantity of commercial operations that are carried out.

Therefore, this theory establishes that the creation of money without increasing the commercial volume (the total amount of tradable goods) will lead to inflation, since it is not really increasing the economic value of an economy, but only the money supply of it, which is "empty" of value, and therefore is coupled with existing commercial transactions.

8 0
3 years ago
When disney builds a new amusement park in the united states, it is counted as part of gdp?
docker41 [41]
GDP (or Gross Domestic Product) is the total value of goods and/or services provided in a country during one year. So, if Disney were to open another amusement park, it would bring the value of Disney up, which means that this would be counted as GDP.
6 0
3 years ago
Marigold corp. has two divisions; sporting goods and sports gear. the sales mix is 65% for sporting goods and 35% for sports gea
Arisa [49]
<span>Sporting Goods - CM 30% x 65% = 19.5% Sports Gear - CM 50% x 35% = 17.5% Total Fields Corp - Weighted Avg CM = 37% FC 2,220,000 / Avg CM 37% = 6,000,000 Break Even sales Sporting Goods Sales @ 65% = 3,900,000 x 30% = 1,170,000 CM Sports Gear Sales @ 35% = 2,100,000 x 50% = 1,050,000 CM Total Sales 6,000,000. Total CM 2,220,000 Total FC 2,220,000</span>
5 0
3 years ago
Ron wants to start a digital marketing firm. He presents his business plan to Reshmie, who agrees to provide some funds for the
Lady bird [3.3K]

Reshmie is called a <u>shareholder </u>of Ron Digital Marketing firm.

<h3>Who is a Shareholder?</h3>

A shareholder is an individual person, firm, or institution who holds at least one share of a company's equity.

Because shareholders effectively own the firm, they profit from its success. These benefits take the shape of improved stock values or financial earnings given as dividends.

When a firm loses money, the share price lowers automatically, causing shareholders to lose money or incur losses in their holdings.

Learn more about shareholders here:

brainly.com/question/25686394

5 0
3 years ago
Cordelia is an employee of Snaktyme Foods in Missouri. She earns $24,000 annually. Snaktyme has provided uniforms worth $350 and
Aleks04 [339]

Answer:

option (B) 31,500

Explanation:

Data provided in the question:

Annual earning = $24,000

Worth of uniform = $350

Training worth = $850

Contribution to 401(k) = half of  4% of earning

= 0.5 × 0.04 × $24,000

= $480

monthly amounts toward her insurance:

health = $125

Life = $50

AD&D = $30

Total annual amounts toward her insurance = 12 × [ $125 + $50 +$30 ]

= 12 × 205

= $2,460

Therefore,

Employer taxes and insurance = 14% of $24,000

= $3,360

Therefore,

Cordelia's total annual compensation

= $24,000 + $350 + $850 + $480 + $2,460 + $3,360

= $31,500

Hence,

Answer is option (B) 31,500

4 0
3 years ago
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